ICL Q2 Profit Rises - Quick Facts

(RTTNews) - Israel Chemicals Ltd. or ICL (ICL) reported that second-quarter net income attributable to the company's shareholders increased to $75 million or $0.06 per share from $68 million or $0.05 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $177 million, compared to $214 million in the year-ago quarter.

On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter declined to $1.20 billion from $1.54 billion in the same quarter last year, reflecting lower volumes and the depreciation of the Euro against the dollar.

Wall Street analysts had a consensus revenue estimate of $1.44 billion for the quarter.

The company's Board of Directors also declared that a dividend totaling $52.5 million will be paid on September 10, 2015, in respect of its second quarter 2015 results.